China, US both rivals and partners for slices of African pie

Last week’s US-Africa Leaders Summit revived debate on America’s efforts to catch up with China’s growing economic influence in Africa. The summit generated about US$37bn in deals, investment and financial support for Africa and as General Electric (GE) CEO Jeff Immelt put it, the US is “back in the game”.
In Beijing local media reported that the US is now “seemingly following in China’s footsteps” to seriously engage Africa. Trade between China and Africa has increased exponentially from $10bn in 2000 to over $200bn in 2013. China’s increasing interest in Africa is felt across the continent with its involvement in massive infrastructure projects including construction of roads, ports, airports, railway lines and dams.
Article by How We Made It In Africa
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